This Victorian terraced property on a popular residential street in Finsbury Park represents a significant investment prospect for savvy investors. Currently configured as a six-bedroom House in Multiple Occupation (HMO), it generates an impressive rental income of £7,800 per month. Each spacious double bedroom features its own ensuite bathroom, complemented by two well-equipped communal kitchens, making it particularly appealing to professional tenants.
The property's potential for value enhancement is noteworthy. Previously approved planning permission for a loft extension has lapsed, yet it sets a useful precedent for any future applications. Furthermore, there may be options to explore creating additional space through a basement extension, subject to the requisite planning permissions and building regulations.
Retaining many charming period features such as high ceilings, this well-maintained residence meets the high demand for shared accommodations in North London. A private rear garden adds further appeal, offering outdoor space for tenants.
Conveniently located within walking distance of Finsbury Park Station, the property benefits from excellent transport links including the Victoria and Piccadilly Underground lines as well as National Rail services. The surrounding area boasts an array of cafés, restaurants, shops, and parks, reinforcing its status as one of North London's top rental locations.
For those aiming to expand their investment portfolio or seeking a property with strong immediate income coupled with development opportunities in a highly desirable neighborhood, this property is undoubtedly worthy of consideration.
